Vancouver, B.C. – TheNewswire - May 28, 2025, - CleanGo Innovations Inc. (CSE:CGII),(OTC:CLGO.F) ,(FRA:APO2) Pursuant to it previous press release the Company is pleased to announce that it has closed its  private placement and debt settlement  (the "Issuance"). 

The Company has closed its unit Offering for a total of $309,310 (the "Private Offering"). The 883,742 Units issued at a price of $0.35 per unit, consist of one common shares and one-half share purchase warrant. Each Whole warrant (the “Warrants”) is exercisable for a period of 24 months at a price of $0.50. 

The Company has further closed  a debt settlement agreement entered into with an insider of the company has settlement and aggregate of $138,196 (the "Debt Settlement") in consideration for the issuance of 394,845 Common shares at a deemed price of $0.35 per share of the Company (each, a "Settlement Share"). 

Both Settlement Shares and Offering units (together the “Securities”) are  subject to a four-month and one-day hold period being September 19, 2025.

The Creditor is an insider and CEO of the Company. The Insider Issuance will be considered a "related party transaction" pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely upon Section 5.5(b) of MI 61-101 for an exemption from the formal valuation requirement of MI 61-101, as the securities of the Company are not listed or quoted on a specified market, and Section 5.7(b) of MI 61-101 for an exemption from the minority shareholder approval requirements as determined in accordance with MI 61-101.

About CleanGo Innovations

CleanGo Innovations Inc. is an international, publicly traded company that specializes in the development of early-staged, green, non-toxic and sustainable products used in retail, commercial and industrial applications.

 

The company is proud of its suite of proprietary, Green Seal Certified non-toxic green products that are Health Canada approved to claim 99.9% disinfecting of viruses and bacteria on a hard surface. CleanGo’s portfolio is proud to be a part of Cruelty Free / Leaping Bunny as a certified product while being both family and pet safe. It is CleanGo’s mission to create the world’s leading non-toxic, green solutions for the worlds cleaning problems.

 

CleanGo Innovation’s experienced team brings new ideas and innovation based on science to find solutions to the problems of current world we live in. Customers rely on quality, nontoxic products to keep their homes clean and their loved ones safe.

 

On behalf of the CEO & Board of Directors

Anthony Sarvucci
Chief Executive Officer
CleanGo Innovations Inc.

For More information Contact:

info@cleangogreengo.com

Phone 1 346 202 6202

 

Forward-looking Information

This news release may contain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation. Forward-looking statements can often be identified by words such as “will”, “plans”, “expects”, “may”, “intends”, “anticipates”, “believes”, proposes” or variations of such words including negative variations thereof and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Actual results could differ from those projected in any forward-looking statements due to numerous factors, including risks and uncertainties relating to general economic, market or business conditions or changes in laws, regulations and policies affecting the Company’s operations. Investors are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements. Any forward-looking statements included in this news release are made as of the date hereof and the Company does not intend to update or revise any forward-looking statements, except as expressly required by law.